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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Earnings per share, price-earnings ratio, dividend yield
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal  year:
Common stock, $20 par (no change during the  year)                                           $10,000,000
Preferred $4 stock, $40 par (no change during the year)Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 2,500,000
The net income was $1,750,000 and the declared dividends on the common stock were
$1,125,000 for the current year. The market price of the common stock is $45 per share. For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. Round to one decimal place,
except earnings per share, which should be rounded to two decimal places.
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